SECONDARY INWARD LISTING OF ALPHAMIN RESOURCES CORP. ON THE ALTERNATIVE EXCHANGE OPERATED BY THE JSE LIMITED

UPDATE ON THE PRIVATE PLACEMENT

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THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF SECURITIES IN ANY JURISDICTION.

Defined terms in this announcement are as per the defined terms used in the pre-listing announcement released by the Company on SENS on 28 November 2017 (“Pre-Listing Announcement”).

As stated in the Pre-Listing Announcement, the Company intends conducting an equity raise in terms of a Private Placement, in both South Africa and abroad. The timing of the Private Placement, the Placing Price and allocations are at the absolute discretion of the Board.

Shareholders and prospective participants in the Private Placement are advised that the Company is making progress with regards to its Private Placement in South Africa and abroad, followed by the Secondary Listing on the AltX. There are, however, inherent complexities in coordinating a multi-jurisdictional Private Placement and therefore the Company has postponed the Secondary Listing, originally anticipated to take place on 7 December 2017, to a date to be determined and announced in due course.